PGIM S&P 500 Max Buffer ETF – November (PMNV)
BATS BATS Primary Summary
PMNV Chart
PGIM S&P 500 Max Buffer ETF – November Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JSA Jim Saulnier & Associates LLC Jim Saulnier & Associates LLC | 32,672 | $821,864.06 | $851,108.87 | $29,244.81 | 3.56% |
PGIM S&P 500 Max Buffer ETF – November (PMNV) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has PGIM S&P 500 Max Buffer ETF – November ever had a stock split?
PGIM S&P 500 Max Buffer ETF – November Profile
| BATS Exchange | US Country |
Overview
PMNV is an investment fund that utilizes FLEX options to replicate the price returns of the SPDR S&P 500 ETF Trust (SPY). The fund is designed to operate within a specified upside cap, which is set at a minimum threshold of 3%, while aiming to offer a protective downside buffer of up to 100% for investors. This downside protection exists over a one-year period that commences each November. At the conclusion of this target outcome period, both the upside cap and downside buffer are reassessed and adjusted according to the current market conditions.
In instances where the fund cannot establish the maximum buffer to cover 100% of losses, adjustments will be made to the cap. Conversely, if setting a cap of at least 3% proves unachievable, then the fund will modify the maximum buffer as necessary. To benefit from the target outcomes that the fund seeks to provide, investors are required to hold their shares throughout the complete duration of the designated target outcome period. This structured approach is designed to balance risk and reward, ensuring investors have a clear understanding of potential gains and protections against losses.
Products and Services
- FLEX Options Investment Strategy:
Utilizes FLEX options to achieve price returns that mirror those of the SPDR S&P 500 ETF Trust, specifically targeting a minimum upside cap and a significant downside buffer. This strategy is built to adapt to market fluctuations, maintaining investor protection and potential for return on investment.
- Upside Cap Guarantee:
Commits to setting an upside cap of at least 3% at the start of each target outcome period. This guarantee provides investors with assurance regarding potential returns, allowing for predictable financial outcomes within the fund's structured investment approach.
- 100% Downside Buffer:
Seeks to implement a buffer that protects investors against losses, establishing coverage for up to 100% of potential downturns in the market. This protective mechanism aims to mitigate risks associated with market volatility and serve as a safeguard for investor capital.
- Annual Target Outcome Period:
Defines a specific one-year investment period that begins in November, creating a clear timeline for investors to hold their shares. During this period, they can take advantage of both the upside potential and the downside protection offered by the fund.
- Market Condition Adjustments:
In the event that market conditions prevent the fund from achieving its investment goals, there is a protocol to reset both upside caps and downside buffers at the conclusion of each target outcome period. This adaptability is essential for maintaining alignment with current market realities.
